CITIC Prudential Life Insurance Co., Ltd. was established in 2000, which was jointly initiated by China CITIC Group and Prudential Group of the United Kingdom. At present, Xincheng Life Insurance is headquartered in Beijing with a registered capital of 2.36 billion yuan. As of June 30th, 20021year, the company's total assets reached163.6 billion yuan.
Adhering to the business philosophy of "Where there is listening, there is sincerity", CITIC Prudential Life has carried out a series of fruitful work in product development, business development, institutional expansion, channel construction and risk management. , with perfect internal control and corporate governance mechanism, excellent market performance and excellent professional operation, is active in China life insurance market.
In line with the national development strategy and market supervision requirements, CITIC Prudential Life adheres to the regional development strategy of paying equal attention to scale and efficiency, and combining speed and depth.
Up to now, the company has set up 22 branches in Guangdong, Beijing, Jiangsu, Shanghai, Hubei, Shandong, Zhejiang, Tianjin, Guangxi, Shenzhen, Fujian, Hebei, Liaoning, Shanxi, Henan, Anhui, Sichuan, Suzhou, Hunan, Wuxi, Shaanxi and Ningbo, and more than 230 branches in 99 cities. CITIC Prudential Asset Management Co., Ltd., a wholly-owned subsidiary, was established in 2020, aiming at comprehensive service, innovative development, stable operation and outstanding characteristics, and is committed to building a high-quality insurance asset management company.
CITIC Prudential Life adheres to the basic operating rules of the life insurance industry and pays attention to injecting value orientation into the risk management process. In recent years, Prudential Life has closely integrated the implementation of the second generation with the construction of a comprehensive risk management system, upgraded to the overall arrangement and overall deployment at the risk strategic level, steadily improved its comprehensive risk management capability, and maintained a leading position in many evaluation indicators. Since 20 16, the company's comprehensive risk rating (IRR) has been rated as "A" for 2 consecutive quarters. In terms of credit rating, CITIC Prudential Life Insurance has been rated as AAA by China Chengxin International and United Credit, and its rating outlook is stable. The above ratings reflect the advantages of CITIC Prudential Life in corporate governance and risk control, market competitiveness and capital strength, insurance products and term structure, diversification and differentiation of channels, and sufficient profitability and solvency.